Gaia (NASDAQ:GAIA) Rating Lowered to Sell at Zacks Investment Research

Gaia (NASDAQ:GAIA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “

Several other research firms have also commented on GAIA. Lake Street Capital increased their target price on Gaia from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd. Roth Capital reissued a “buy” rating on shares of Gaia in a report on Thursday, February 18th. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of Gaia in a report on Tuesday, March 2nd. Finally, Colliers Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Gaia in a report on Wednesday, March 3rd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.70.

NASDAQ:GAIA traded up $0.15 during trading hours on Monday, hitting $11.45. The company’s stock had a trading volume of 118,513 shares, compared to its average volume of 103,158. The stock has a market capitalization of $219.85 million, a P/E ratio of -76.33, a price-to-earnings-growth ratio of 13.28 and a beta of 0.76. The stock has a fifty day moving average of $11.04 and a 200-day moving average of $10.68. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. Gaia has a 52-week low of $7.29 and a 52-week high of $15.06.

Gaia (NASDAQ:GAIA) last posted its earnings results on Sunday, May 2nd. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Gaia had a negative return on equity of 3.79% and a negative net margin of 4.14%.

In related news, Director David Maisel purchased 10,000 shares of the stock in a transaction that occurred on Thursday, March 4th. The shares were purchased at an average price of $10.96 per share, with a total value of $109,600.00. Following the completion of the acquisition, the director now directly owns 53,900 shares in the company, valued at approximately $590,744. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have acquired 12,012 shares of company stock worth $130,832. Corporate insiders own 38.51% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAIA. Marshall Wace North America L.P. grew its holdings in shares of Gaia by 76.1% during the first quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock worth $69,000 after buying an additional 3,240 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new stake in Gaia in the first quarter valued at about $98,000. BNP Paribas Arbitrage SA lifted its position in Gaia by 209.6% in the first quarter. BNP Paribas Arbitrage SA now owns 8,594 shares of the company’s stock valued at $102,000 after purchasing an additional 5,818 shares during the period. DRW Securities LLC acquired a new stake in Gaia in the first quarter valued at about $151,000. Finally, Barclays PLC lifted its position in Gaia by 305.2% in the first quarter. Barclays PLC now owns 15,830 shares of the company’s stock valued at $188,000 after purchasing an additional 11,923 shares during the period. 47.63% of the stock is currently owned by hedge funds and other institutional investors.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library of approximately 8,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

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